Just a follow up after the Wholesale Formula Training that ran live on Tuesday. The webinar replay is now available, so you can watch it on demand without registration. I have spoken to a number of friends and readers as I thought I would cover a few of the most common questions that have been raised to me.
Is this another “get rich quick scheme?” No, certainly not. The Wholesale Formula is run by a couple of guys, Dan & Dylan, from a small town in Kentucky, USA. They were actually helped a lot by the guy who delivers the webinar, Jason Fladlien, to develop their own successful amazon business about 6 or 7 years ago. They now have a multi-million dollar business as third party sellers on Amazon.
Is this Guaranteed to be a success? No. But then neither I, or anyone, can give guaranteed success for anything because some people will be given glorious information and then fail to take action.
However……
Is The Wholesale Formula a proven system? Yes…. absolutely! Dan & Dylan started The Wholesale Formula as a way of giving back and giving others a helping hand. They now have a large and thriving community who are following their method. At their live event last year they had 421 there who, between them, had sold over $520,000,000 dollars (yes over half a billion) of products between them.
Is The Wholesale Formula reliant on you being the next Richard Branson or Elon Musk…. an entrepreneurial genius, to make it work? No. It is a system, a formula, that you can follow and if you apply the system can create an ongoing, and growing, income.
Does this process take shed loads of time to operate? No. There is a need to learn the process initially of course, but most people start The Wholesale Formula whilst holding down their regular job. As their income grows then they can decide to scale or not. Many people doing this have then even outsourced the few days-to-day tasks and are effectively bringing in passive income every month, courtesy of Amazon.
If we are in the UK can we do this? Yes, absolutely, and there are many people doing just that. It took me about 2-3 hours to get everything set up so that i can sell in the USA. I can of course sell in the UK as well.
Success for one person may be to clear $2,000 per month PROFIT
Success for the next person may be to clear $20,000+ per month PROFIT
The truth is that if you can get success with one simple product then why can you not replicate that over and over again, utilising the most awesome selling machine on the planet… Amazon… to help you?
Please give yourself the opportunity to find out more, watch this training and then come to a judgement. Most people I have spoken to end up watching it more than once to get their head round all the information. The replay is available for just a few days so I would recommend taking a look.
Seems like a us based business setting up bank accounts over there. Also handicapped by the fact that your not going to be able to negotiate with oversees suppliers over the phone.
Hi Jason
Just seen you comment, so thought I would answer your concerns.
What would you need to do to get started?
1. Have a Visa or Mastercard that be charged internationally
2. As long as your bank can support ACH (auto clearing house) it can accept electronic transfers. However, many overseas sellers do set up a US account which can be done easily with an online bank.
3. A US-based phone number (through Skype)
4. Comply with US Tax (as there is a tax treaty between USA and UK this only has to be set once your turnover is exceeding $300k.
5. Many, many manufacturers in USA do not market their own brands well on Amazon, so there are strategies to demonstrate to them the value you can add via email, but there may be some phone calls to be made absolutely. As we are in the UK these can be done in the evening after work so it fits in while starting out.
In the Wholesale Formula Facebook Group there are lots of people from here in the UK!
Hope that helps!